Shares of the Massachusetts-based travel platform tumbled 16% to $10.15 during morning trading, marking a new 52-week low. The sell-off extends a difficult period for the company, which has seen its market value erode by 42% over the past year as it struggles to maintain momentum in a competitive digital booking landscape.
Financial Performance Breakdown
The company reported a fourth-quarter net loss of $38 million, or 33 cents per share, a sharp reversal from the $2 million profit recorded during the same period the previous year. On an adjusted basis, earnings reached just 4 cents per share, significantly trailing the 15 cents per share anticipated by analysts, according to data provided by FactSet.

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